QTRADE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
QTRADE
Largest movements
- Receivables within one year -€171,980
down €171,980 (-40.6%), from €423,332 to €251,352
of which Trade receivables: -€187,978
- Stocks and contracts -€95,557
down €95,557 (-28.1%), from €340,215 to €244,659
- Cash +€23,222
up €23,222 (+202.6%), from €11,460 to €34,682
mainly Receivables within one year (+€171,980) and Stocks and contracts (+€95,557)
- Current investments +€9,414
new in 2024: €9,414
- Trade debts -€153,062
down €153,062 (-88.3%), from €173,269 to €20,207
- Tax, wage and social debts -€69,767
down €69,767 (-93.6%), from €74,504 to €4,737
of which Taxes: -€69,567
- Debts after one year -€48,242
down €48,242 (-51.4%), from €93,892 to €45,650
- Profit (loss) carried forward +€36,625
up €36,625 (+21.5%), from -€170,693 to -€134,068
- Write-downs -€95,000
down €95,000 (-100.0%), from €95,000 to €0
- Gross operating margin -€13,226
down €13,226 (-19.5%), from €67,907 to €54,682
- Financial income -€9,522
down €9,522 (-58.6%), from €16,254 to €6,732
- Financial charges -€3,466
down €3,466 (-14.8%), from €23,345 to €19,879
- Other operating charges +€2,623
up €2,623 (+153.1%), from €1,714 to €4,337
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €823,379 | €589,379 | -€234,001 | -28.4% |
| Fixed assets | 21/28 | €1,352 | €2,274 | +€922 | +68.2% |
| Tangible fixed assets | 22/27 | €299 | €1,221 | +€922 | +307.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €299 | €1,221 | +€922 | +307.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,053 | €1,053 | = | 0.0% |
| Current assets | 29/58 | €822,027 | €587,104 | -€234,922 | -28.6% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €340,215 | €244,659 | -€95,557 | -28.1% |
| Stocks | 30/36 | €340,215 | €244,659 | -€95,557 | -28.1% |
| Amounts receivable within one year | 40/41 | €423,332 | €251,352 | -€171,980 | -40.6% |
| Trade receivables | 40 | €313,935 | €125,957 | -€187,978 | -59.9% |
| Other amounts receivable | 41 | €109,397 | €125,395 | +€15,998 | +14.6% |
| Current investments | 50/53 | - | €9,414 | +€9,414 | |
| Cash at bank and in hand | 54/58 | €11,460 | €34,682 | +€23,222 | +202.6% |
| Deferred charges and accrued income | 490/1 | €2,019 | €1,997 | -€22 | -1.1% |
| Total equity and liabilities | 10/49 | €823,379 | €589,379 | -€234,001 | -28.4% |
| Equity | 10/15 | €238,917 | €275,542 | +€36,625 | +15.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €389,610 | €389,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100.0% |
| Tax-exempt reserves | 132 | €191 | €191 | = | 0.0% |
| Distributable reserves | 133 | €387,420 | €389,420 | +€2,000 | +0.5% |
| Profit (loss) carried forward | 14 | -€170,693 | -€134,068 | +€36,625 | +21.5% |
| Provisions and deferred taxes | 16 | €95,000 | €95,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €95,000 | €95,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €95,000 | €95,000 | = | 0.0% |
| Amounts payable | 17/49 | €489,462 | €218,836 | -€270,626 | -55.3% |
| Amounts payable after more than one year | 17 | €93,892 | €45,650 | -€48,242 | -51.4% |
| Financial debts | 170/4 | €93,892 | €45,650 | -€48,242 | -51.4% |
| Amounts payable within one year | 42/48 | €395,570 | €173,186 | -€222,384 | -56.2% |
| Current portion of amounts payable after more than one year | 42 | €47,797 | €48,242 | +€445 | +0.9% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €173,269 | €20,207 | -€153,062 | -88.3% |
| Suppliers | 440/4 | €173,269 | €20,207 | -€153,062 | -88.3% |
| Taxes, remuneration and social security | 45 | €74,504 | €4,737 | -€69,767 | -93.6% |
| Taxes | 450/3 | €72,504 | €2,937 | -€69,567 | -95.9% |
| Remuneration and social security | 454/9 | €2,000 | €1,800 | -€200 | -10.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €120,000 | €0 | -€120,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,503 | €400 | -€1,103 | -73.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €95,000 | €0 | -€95,000 | -100.0% |
| Other operating charges | 640/8 | €1,714 | €4,337 | +€2,623 | +153.1% |
| Non-recurring operating charges | 66A | €137,051 | €0 | -€137,051 | -100.0% |
| Gross operating margin | 9900 | €67,907 | €54,682 | -€13,226 | -19.5% |
| Operating profit (loss) | 9901 | -€167,360 | €49,945 | +€217,305 | |
| Financial income | 75/76B | €16,254 | €6,732 | -€9,522 | -58.6% |
| Recurring financial income | 75 | €16,254 | €6,732 | -€9,522 | -58.6% |
| Financial charges | 65/66B | €23,345 | €19,879 | -€3,466 | -14.8% |
| Recurring financial charges | 65 | €23,345 | €19,879 | -€3,466 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€174,451 | €36,798 | +€211,249 | |
| Income taxes | 67/77 | €132 | €173 | +€41 | +31.3% |
| Profit (loss) for the period | 9904 | -€174,583 | €36,625 | +€211,208 | |
| Profit (loss) for the period to be appropriated | 9905 | -€174,583 | €36,625 | +€211,208 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.